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Identify whether each of the below items is a change in principle, a change in estimate, or an error. Explain why each of the above items is a change in principle, a change in estimate, or an error.1. The vice president of sales had indicated that one product line has lost its customer appeal and will be phased out over the next 3 years. Therefore, a decision has been made to lower the estimated lives on related production equipment from the remaining 5 years to 3 years.2. The Hightone Building was converted from a sales office to offices for the Accounting Department at the beginning of this year. Therefore, the expense related to this building will now appear as an administrative expense rather than a selling expense on the current year's income statement.3. Estimating the lives of new products in the Leisure Products Division has become very difficult because of the highly competitive conditions in this market. Therefore, the practice of deferring and amortizing preproduction costs has been abandoned in favor of expensing such costs as they are incurred.4. Management has decided to switch from the FIFO inventory valuation method to the LIFO inventory valuation method for all inventories.5. When the year-end physical inventory adjustment was made for the current year, the controller discovered that the prior year's physical inventory sheets for an entire warehouse were mislaid and excluded from last year's count.6. Palmer's Custom Division manufactures large-scale, custom-designed machinery on a contract basis. Management decided to switch from the completed-contract method to the percentage-of-completion method of accounting for long-term contracts.
what is the maximum amount of dividends PER SHARE that the firm could pay? In terms of cash availability, what is the maximum amount of dividends PER SHARE the firm could pay?
the needy corporation borrowed 10000 from bank ease. according to the terms of the loan needy must pay the bank 400 in
Determine the maximum price that you would be willing to pay for a non-constant growth stock.
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Earnings are expected to grow at 5 percent per year. 1) What is your estimate of the current stock price? 2)What is the target stock price in one year? 3) Assuming the company pays no dividends, what is the implied return on the company's stock ov..
(a) Determine the figures which would be circulated to the management of AMT plc in order to assist their investment analysis. (b) Comment on the figures produced and make a recommendation with any qualifications you think appropriate.
question 1. independent random samples taken on two university campuses revealed the following information concerning
match each of the following types of evaluation with one of the listed users of accounting information.1. trying to
the seattle walks is an annual fund-raising event that raises money for research on childs autism. the walk costs 80000
If the underwriter requires a profit equal to 1% of the sale price, how much spread (in dollars) is necessary to cover the underwriter's cost and profit?
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